1. Your house can appreciate in value over time
If you do your research and purchase a home with both eyes wide open, your home’s value may increase each year that you own it
2. It’s more stable
Buying a home is a big step in settling down and putting down roots in a community. Researchers find that not only do homeowners gain a sense of stability when they settle into their first home, but they also contribute to neighborhood stability.
3. You feel the sense of freedom
Nothing is better than a sense of freedom. Owning a home frees yourself from a monthly rent payment because you know that your mortgage payment each month is an investment for your own future. You’re free to pay as much or as little as you like by choosing a payment schedule that works for you from many mortgage options.
4. You become (physically and mentally) healthier
Owning a home can also make you mentally healthier due to less stress We all know that financial issue is a key source of stress for most people. But the sense of financial stability from owning a home can give you peace of mind and lower stress!
5. Pride of Ownership
One of the biggest reasons people buy properties is the pride of saying they own something. Even if it is a little starter home or apartment style condo, it is yours and you can do with it as you please, and for that, a person should be proud, as ownership is an accomplishment.